Royal London

Royal London has announced a new fundraising goal of £68,000 for the charity Bloodwise, formerly Leukaemia & Lymphoma Research.

Royal London saw its protection intermediary new business volumes increase by 43% to £231m, the insurer's half year results have revealed.

Royal London has revealed that it paid out on 90% of Income Protection (IP) claims in 2014, with a total payout of over £3.2m.

Royal London's UK Intermediary protection business - which includes the brands Scottish Provident and Bright Grey - has revealed it paid 94% of critical illness (CI) claims in 2014.

A report saying that with deaths likely to rise, funeral costs will also increase is ‘spot on', according to Royal London.

Royal London has seen its new business profits from intermediated protection increase by £2.7m in 2014, as the present value of new business premiums fell, full results have revealed.

Research from Bright Grey has found that almost two thirds (63%) of people would take a second medical opinion if it was offered when receiving a diagnosis from a medical professional.

A Bill to allow mutuals and friendly societies to raise capital through issuing Deferred Shares passed its last stage in the House of Commons on Friday and is set to receive Royal Assent.

Bright Grey is to extend its Helping Hand service to include a second medical opinion which will be available face-to-face within the UK.

The CEO of Royal London has admitted that the insurance group's protection providers had 'tired' propositions in revealing a sharp fall in new protection business.